Key determinants of the growing importance of digitization and cybersecurity in economic processes and e-banking in recent years

Abstract

Objectives The article aims to identify and analyze key determinants of the growing importance of economic digitalization, e-banking, and cybersecurity. It also examines the relationships between ICT development, Industry 4.0, artificial intelligence, and the transformation of business models in enterprises and financial institutions. Material and methods The study employed critical literature analysis, comparative analysis of secondary data, and a systemic approach. Scientific publications, industry reports, and studies on digital transformation and cybersecurity were examined using an interdisciplinary perspective. Results The findings indicate that cloud technologies, mobile solutions, and AI systems are major drivers of digitalization and e-banking development. Accelerated digital transformation has strengthened e-commerce and electronic services while simultaneously increasing exposure to cyber threats and the need for advanced cybersecurity systems. Conclusions The growing role of digitalization and cybersecurity is structural and long-term in nature. The integration of technological innovations with comprehensive cyber risk management strategies is becoming essential for competitiveness, resilience, and sustainable development in the digital economy.